Sparebanken Hedmark
| Date: | 7.3.2016 |
|---|---|
| Country: | Norway |
| Customer: | Sparebanken Hedmark |
| Amount in NOK: | NOK 600 million |
| Amount in EUR: | EUR 64.1 million |
| Business sector: | Financial Institutions |
Project
The loan programme has been provided for onlending to SME investments and environmental projects in eastern Norway. The investments to be financed under the loan programme are expected to be in transportation, forestry, industrial machinery, construction machinery and IT equipment. Sparebanken Hedmark operates 26 branches in the Hedmark region, north of the country’s capital, Oslo.
Fulfilment of NIB's mandate
The project is expected to alleviate credit constraints for small and medium-sized companies and facilitate the growth of their productivity. Eligible projects to be financed from the lending facility should conform to NIB’s criteria for SMEs.
Sustainability summary
Projects to be financed through a financial intermediary must fulfil the sustainability requirements defined in NIB’s Sustainability Policy and Guidelines.
